Reported about 1 year ago
Tesla's stock momentum has slowed after shareholders approved CEO Elon Musk's pay packages. Analysts like Dan Ives and Cathie Wood have bullish forecasts for Tesla, but Short Seller Per Lekander predicts a $15 price target, likening Tesla to 'the next Enron'. Lekander criticizes Tesla's earnings and stock losses, warning of a market bubble. He believes retail traders need to give up, predicting a downturn in the stock driven by poor earnings. Despite optimism from others, Lekander sees Tesla facing challenges in the EV market and doubts its profitability, calling the current valuation unsustainable.
Source: YAHOO